Micron Technology, Inc. (MU) vs Texas Instruments Incorporated (TXN)

Micron Technology, Inc. and Texas Instruments Incorporated are both Semiconductors companies. Micron Technology, Inc. is the larger, with a market value of $1.24T against $249.3B — 5.0× the size. Micron Technology, Inc. trades at the lower P/E: 24.2× against 41.9×. Micron Technology, Inc. grew revenue faster over the last twelve months: 167.0% against 16.7%. Micron Technology, Inc. has the higher net margin (55.9% vs 31.0%) and the higher return on invested capital (46.0% vs 18.1%). Both pay a dividend; Texas Instruments Incorporated yields more (3.25% vs 0.50%). Across the 23 metrics below, Micron Technology, Inc. leads on 20 and Texas Instruments Incorporated on 3.

Valuation

Metric MU TXN Semiconductors median
P/E 24.16 41.88 49.41
P/S 13.52 13.04 8.58
P/B 12.12 14.08 5.49
Price to free cash flow 46.65 47.02 47.02
EV/EBITDA 17.59 27.56 30.78
EV/Sales 13.30 13.40 8.79
Earnings yield 4.14% 2.39% 0.62%
Free cash flow yield 2.14% 2.13% 0.59%

Profitability

Metric MU TXN Semiconductors median
Gross margin 72.57% 58.33% 52.25%
Operating margin 65.63% 37.29% 4.85%
Net margin 55.91% 30.97% 4.77%
Free cash flow margin 28.99% 27.72% 8.65%
Return on equity 66.64% 35.01% 3.11%
Return on assets 47.50% 17.01% 1.91%
Return on invested capital 46.04% 18.09% 2.46%

Growth

Metric MU TXN Semiconductors median
Revenue growth (TTM) 166.98% 16.66% 16.66%
EPS growth (last fiscal year) 984.29% 4.81% —
Revenue growth, 5-year CAGR 11.76% 4.10% 5.60%
Net income growth, 5-year CAGR 26.02% (2.23%) 0.00%

Health

Metric MU TXN Semiconductors median
Debt to equity 0.06 0.78 0.05
Current ratio 3.42 4.86 3.35
Net debt to EBITDA 0.24 1.14 0.58

Dividend

Metric MU TXN Semiconductors median
Dividend yield 0.50% 3.25% 1.93%
Payout ratio 0.05 0.58 0.00

Size

Metric MU TXN Semiconductors median
Market cap 1.24t 249.33b 5.67b

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